welfare. -- bailout ; contagion ; financial crisis ; international institutional arrangements … intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While …

intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While …

intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While …

this crisis. During the Irish financial crisis from 2007 to 2010, strong contagion effects are uncovered between Irish … equity markets and the investigated European equity markets. The contagion effects are found to ease dramatically in the … intervention as a mechanism to mitigate and absorb contagion associated with state-specific financial crises and if possible …

highly interconnected, they are incentivized to invest in correlated portfolios to minimize contagion risks and thereby …

This paper studies the impact of expectation of bailout of a credit insurance firm on the investment strategies of the … correlated investments ex ante. All banks want their assets to fail exactly at the time when the bailout is occurring to … indirectly benefit from the bailout of the insurance firm and hence they make correlated investments. I build a model in which …

stochastic processes we are able to simulate the two main reasons for systemic risks – macroeconomic shocks and contagion – at … financial system, lower the bail-out costs, and decrease the bail-out cost volatility. Application: This new concept of soft …

have been subject to contagion. We proceed in three steps. First, we apply dynamic conditional correlations from a … simple interdependence from contagion. Third, we analyze the determinants behind credit risk co-movements and the role of … contagion using regression analysis. Our results reveal a high degree of co-movements in sovereign credit risk, especially for …

-orchestrated bailout of systemically important banks (SIBs) on the broader banking sector. We find evidence that Pennsylvania banks with …